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now let's follow up some more news tonight greece has ground to a halt with public sector workers walking out of their jobs in the twenty four hour nationwide strike aimed at putting pressure on the government over tough cuts recent good news such as the latest tranche of bailout cuts and a decision by the ratings agency standard and poor's to raise the country's credit rating has done little though to dissipate public anger crisis strategists gonzalo lira says neither piece of news is a tangible benefit to the struggling population. the fact that the ratings agencies you know a higher rating to be green bombs and yet there's a strong indicator what's happened with that right now the international community i haven't asked that you see the m.d.c. have towards austerity which makes investors happy but of course makes the people angry and so you know see this strike going on and people a lot of people get very upset in greece while the best community is relatively happy because you know there is more greater safeguards that their money is going to be returned to them in the form of bonds so
now let's follow up some more news tonight greece has ground to a halt with public sector workers walking out of their jobs in the twenty four hour nationwide strike aimed at putting pressure on the government over tough cuts recent good news such as the latest tranche of bailout cuts and a decision by the ratings agency standard and poor's to raise the country's credit rating has done little though to dissipate public anger crisis strategists gonzalo lira says neither piece of news is a...
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some my eurozone members and habitable at this point you know so you know so you don't believe that greece is going to leave the euro zone in the near future but no i don't i think the years i will find its way through to a stable resolution in which the financial system is robust which only which growth will slowly build up but this does require addressing some particular issues about competitively of different markets and how do you think that should be addressed i think it will be a matter of slow. adjustment of a number of different economic regions and it's important that those issues are addressed so what do you think would be the specific solution how do you think that should be tackled specifically with greece you know the issue that's on everyone's agenda right now. what do you think is the best solution in that particular case and does seem like somebody would have to take the loss who do you think it should be clearly the very significant problems in the greek economy and a lot of progress has been made there are a number of adjustments that have to be made i think it's also wor
some my eurozone members and habitable at this point you know so you know so you don't believe that greece is going to leave the euro zone in the near future but no i don't i think the years i will find its way through to a stable resolution in which the financial system is robust which only which growth will slowly build up but this does require addressing some particular issues about competitively of different markets and how do you think that should be addressed i think it will be a matter...
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greece prepares for yet another twenty four hour standstill as people protest against great car and a disintegrating economy the details are just ahead here on r.t.e. stay with the. richest law often enough and knows that to ride a horse you've got to catch it first. for him it's a daily routine that you're soft as a force breeder on the island of a horn at the heart of. his life on an isolated farm is about blue sky green grass and his horse is what sometimes it gets lonely here horses have become part of me now i've fallen off so many times sometimes big bites as well it's part of my everyday life. been home to it the rats locally just laugh for centuries most still live off the land of cattle and fish. my call is often called the pearl of siberia horn is said to be the pearl of by call it's all end of fake forests. and vast staps. virtually undiscovered by tourists until some twenty years ago i haunt us quickly become a magnet for nature lovers and if you will seekers you're quite some way from civilization here accommodation on the island is very basic so you can forget about a t.
greece prepares for yet another twenty four hour standstill as people protest against great car and a disintegrating economy the details are just ahead here on r.t.e. stay with the. richest law often enough and knows that to ride a horse you've got to catch it first. for him it's a daily routine that you're soft as a force breeder on the island of a horn at the heart of. his life on an isolated farm is about blue sky green grass and his horse is what sometimes it gets lonely here horses have...
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german lawmakers overwhelmingly back to giving greece its next pay out battle to keeping the country from sliding into bankruptcy means athens can now pay wages and bills this month proved package for us other things slashing interest rates and releasing cash chancellor angela merkel acknowledged the wariness softer emmons for the case but insisted the measures helped to bring stability to the usa. trick young says the german italian was frustrated with the greek government. i think there are a considerable number of people who would like to cut greece loose at this juncture a because it's probably the most humane thing to do but second of all because ultimately the greek government has simply field to do anything that it has really been supposed to do in terms of privatisation and so on many times it's enacted legislation but field to follow through the taxation system in greece is broken all of these sorts of horrible things lead us to the fact that greece is governed in a third world fashion at the moment not in a first world fashion and that ultimately is causing a huge amount of
german lawmakers overwhelmingly back to giving greece its next pay out battle to keeping the country from sliding into bankruptcy means athens can now pay wages and bills this month proved package for us other things slashing interest rates and releasing cash chancellor angela merkel acknowledged the wariness softer emmons for the case but insisted the measures helped to bring stability to the usa. trick young says the german italian was frustrated with the greek government. i think there are a...
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you think would be the specific solution how do you think that should be tackled specifically with greece you know the issue that's on everyone's agenda right now. do you think is the best solution in that particular case and does seem like somebody would have to take the loss who do you think it should be clearly the very significant problems in the greek economy and a lot of progress has been made there are a number of adjustments that have to be made i think it's also worth remembering greece is pretty small part of the total european in terms of its economic significance. but it's important actually whether it's greece or any other country that the that the market is internationally competitive one of the most important things to your people you need to be doing is constantly benchmarking its competitiveness against the wider world because we live in a globalizing. market where you can't as it were opt out of looking out whether you are competitive or not on a global scene where you're seeing the rise of faster growing markets including russia which is why i'm here because the opportu
you think would be the specific solution how do you think that should be tackled specifically with greece you know the issue that's on everyone's agenda right now. do you think is the best solution in that particular case and does seem like somebody would have to take the loss who do you think it should be clearly the very significant problems in the greek economy and a lot of progress has been made there are a number of adjustments that have to be made i think it's also worth remembering...
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i think there are a considerable number of people who would like to cut greece loose at this juncture a because it's probably the most humane thing to do but second of all because ultimately the greek government has simply field to do anything that it has really been supposed to do in terms of privatization and so on many times it's enacted legislation but the field of follow through the taxation system in greece is broken all of these sorts of horrible things lead us to the fact that greece is governed in a third world fashion at the moment not in a first world fashion and that ultimately is causing a huge amount of frustration with a grid many e.u. finance ministers some of them because they've got lots of money such as say germany or poland and so on some of them because they've actually taken their medicine the poor irish twenty five thousand people on the streets of dublin at the weekend complaining about the us narrative medicine they've had to dig annoyed and they're hearing that the greeks are going to get all manner of concessions in order to be allowed to get through the nex
i think there are a considerable number of people who would like to cut greece loose at this juncture a because it's probably the most humane thing to do but second of all because ultimately the greek government has simply field to do anything that it has really been supposed to do in terms of privatization and so on many times it's enacted legislation but the field of follow through the taxation system in greece is broken all of these sorts of horrible things lead us to the fact that greece is...
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for greece's largest banks securing up for a bailout to stop reporting huge losses this year together the leader on twenty seven billion euros worth of loans to stay afloat greece has been relying on international bailout fund since twenty ten and there's economies dimitrius you're not. greeks are bearing the brunt of the banks losses. the loans on which. this recapitalization of the banking sector is going to decrease are coming from the the troika the e.u. the i.m.f. and the e.c.b. and they are going to be a they're going to be part of the and big national debt which is going to be paid by the taxpayer and we had forty thousand small businesses closing closing this year alone three hundred additional thousands of job losses as a total unemployment rate of twenty six percent so we have really. on the one hand austerity on the other hand bank inability to provide liquidity for the market greece move appearing for another year of painful cuts and tax hikes but for a wider a look at where the global economy stands in the end the twenty twelve we avoid it into the kaiser report next hour
for greece's largest banks securing up for a bailout to stop reporting huge losses this year together the leader on twenty seven billion euros worth of loans to stay afloat greece has been relying on international bailout fund since twenty ten and there's economies dimitrius you're not. greeks are bearing the brunt of the banks losses. the loans on which. this recapitalization of the banking sector is going to decrease are coming from the the troika the e.u. the i.m.f. and the e.c.b. and they...
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but it's important actually whether it's greece or any other country that the market is internationally competitive most importantly so you could do is constantly benchmarking its competitiveness against the wider world because we live in a globalizing. market where you can as it were opt out of looking out whether you are competitive or not on a global scene where you're seeing. the rise of faster growing markets including russia which is why i'm here because the opportunities for british businesses i mentioned before the five percent of exports at the moment to go to the euro zone we need to diversify that in the years to come not least because the fast growth is going to be outside of the european union in places like russia as well as india china brazil indonesia and so on so how do you see your relationship with russia developing well are extremely encouraged by the way in which the trade and investment relationship with russia is developing we've seen british exports grow rather rapidly both in twenty eleven and continued into this year twenty twelve i think there's more to come o
but it's important actually whether it's greece or any other country that the market is internationally competitive most importantly so you could do is constantly benchmarking its competitiveness against the wider world because we live in a globalizing. market where you can as it were opt out of looking out whether you are competitive or not on a global scene where you're seeing. the rise of faster growing markets including russia which is why i'm here because the opportunities for british...
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Dec 31, 2012
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what bet the british when they went back into greece in 1944 and started dive-bombing the streets of athen and killing'm residents who fought against the nazis and that's never pointed out. look at what stalin did in poland. he broke this and that. i don't believe he broke yalta. look what the british did. no one ever points to that. and then what we did in greece in 19 -- in the cold war period, the early cold war period in the truman doctrine, we had american advisers in early vietnam, were already over in grease. >> -- over in greece. >> i'm jumping ahead. the british go back the mediterranean get iran back, a conflict in iran in 1945. and beyond that, india is crucial. the jewel of the empire. we show that in the masks, and he gets the far east. its the richest resource in the world. along with britain. not us. and that becomes -- that is a key plot. so, you think from a u.s.-soviet relations. >> three parts cold war in the beginning. most americans have no idea. and had no idea what role the british were playing, but roosevelt did, and roosevelt was very, very critical of the br
what bet the british when they went back into greece in 1944 and started dive-bombing the streets of athen and killing'm residents who fought against the nazis and that's never pointed out. look at what stalin did in poland. he broke this and that. i don't believe he broke yalta. look what the british did. no one ever points to that. and then what we did in greece in 19 -- in the cold war period, the early cold war period in the truman doctrine, we had american advisers in early vietnam, were...
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greece prepares for yet another twenty four hours still as people protest against growing cuts and a disintegrating economy the details just ahead here on all to. wealthy british style it's time to. market why not come to. find out what's really happening to the global economy with my next concert for a no holds barred look at the global financial headlines tune into kinds a report on our. choose your language because we can we know if you're going to. choose to use the consensus here. choose to opinions that immigrate to. choose the stories that impact your life choose the access to. me leave. it. at least. to me speak your language the. whole programs and documentaries in arabic it's all here on the altar reporting from the world's hot spots of the ip interviewers intriguing story for you to. been trying all te arabic to find out more visit our big dog t.v. dog called. led mission and free accreditation free transport charges free. range month free risk free stereotypes free eldon mold free broadcast quality video for your media projects a free media oh god r t dot com. but. oh fuc
greece prepares for yet another twenty four hours still as people protest against growing cuts and a disintegrating economy the details just ahead here on all to. wealthy british style it's time to. market why not come to. find out what's really happening to the global economy with my next concert for a no holds barred look at the global financial headlines tune into kinds a report on our. choose your language because we can we know if you're going to. choose to use the consensus here. choose...
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greece prepares for yet another twenty four hour standstill as people protest against growing cops and the disintegrating economy the details all matter just ahead here altie. already lost all three space been falling but farewell to their families and gear up for a five month trip to the stars and they just addition to the space station team is set to lift off from kazakhstan. shortly here. the riney that takes your breath away through eating across the sky is always a mohnish good you know the biggest salt lake in europe and more than two hundred species of birds but also it is them are on the verge of extinction on these islands in the south of russia they find shelter before migrating to other parts of the world paladins as well as other species of the monish who do low feed and face these words are waiting for their parents to bring them food to the best cash for them is in a small area of the lake where the water is relatively fresh as fish cannot survive in the salty a part of the money and the lakes getting sold here every year the monish the dealers and all two fish oil reserv
greece prepares for yet another twenty four hour standstill as people protest against growing cops and the disintegrating economy the details all matter just ahead here altie. already lost all three space been falling but farewell to their families and gear up for a five month trip to the stars and they just addition to the space station team is set to lift off from kazakhstan. shortly here. the riney that takes your breath away through eating across the sky is always a mohnish good you know...
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Dec 30, 2012
12/12
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al-jazeera, greece. >> in pakistan out, a man shot dead in the northwest of the country. two others managed to escape but one left wounded. the bodies were discovered in a remote tribal area four hours from the capital, islamabad. they were expected taliban fighters. 17 people have been killed in a bomb attack in the west. it happened in this province and is believed they were shi'ite pilgrims when they came under attack. we have the latest from the capital, islamabad. >> despite desperate attempts to secure the relief for the trouble policeman held under cover, they went ahead and executed at least 21 of the policemen. one was able to escape from the scene alerted the authorities about the incident. they that arrived on the scene to find out one of the policemen had survived the attack and was moved in critical condition. are the same day, a group of peasants moving from the border town on the border of pakistan and iran was attacked 45 kilometers from the provincial capital. the bombs were a remote control device set to leverage through at least one of the buses and des
al-jazeera, greece. >> in pakistan out, a man shot dead in the northwest of the country. two others managed to escape but one left wounded. the bodies were discovered in a remote tribal area four hours from the capital, islamabad. they were expected taliban fighters. 17 people have been killed in a bomb attack in the west. it happened in this province and is believed they were shi'ite pilgrims when they came under attack. we have the latest from the capital, islamabad. >> despite...
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Dec 8, 2012
12/12
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another moment of truth for athens -- when greece finds out weather its author -- offer to repurchase debt from private investors has paid off. that will help trigger the release of more rescue funds that greece so desperately needs to stay afloat. >> athens has offered to pay 10 billion euros to holders of its sovereign debt at a buyback value of up to 40 cents per euro. to be successful, the sale has to cut a greek national debt by 20 billion euros. news from athens made investors nervous this friday. our correspondence sent us this report from the frankfurt stock exchange. >> the suspense on the stock trading floor that weather or not the creditors of greece would take part in the debt buyback was too much for many investors. they decided to take some of the book's profits and sell shares. shares of deutsche telekom were the biggest dax losers. in order to invest money into new technologies such as broadband networks, they decided to cut the dividend for investors. now, many people here fear that this is something that more companies might do also next year, especially if the situa
another moment of truth for athens -- when greece finds out weather its author -- offer to repurchase debt from private investors has paid off. that will help trigger the release of more rescue funds that greece so desperately needs to stay afloat. >> athens has offered to pay 10 billion euros to holders of its sovereign debt at a buyback value of up to 40 cents per euro. to be successful, the sale has to cut a greek national debt by 20 billion euros. news from athens made investors...
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Dec 12, 2012
12/12
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what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workers for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with the president to do is use this mandate. redo revenue, which we should. but what keeps us from becoming the country we want to be and damns the future generations is entitlement and spending. when i was 21, my mom died, when i was 22 my dad died. if it wasn't for social security survivor benefits, my sister would have never gone to college. social security is going to fail. when i was 22 we needed the 300 and something bucks we got a month. i'm 57, i have no kids, i could easily give up $400 in retirement from social security to help people who can't. >> as a reality for
what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workers for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with...
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Dec 18, 2012
12/12
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>> greece has been upgraded by a rating agency, scott. s&p has upgraded to b from b minus because of a commitment to keep greece within the eurozone and to keep funding them. it's something that we haven't seen in years, maybe decades. greece has now been upgraded when it comes to their outstanding bonds. back to you. >> the euro is getting a bump. it the highs of the day. 132 euro dollar. >> the s&p is believing that there is a strong commitment to keep doing what it takes to keep them in, whether it's cutting the interest rate, he can tending the maturities, et cetera, that that could lead to more stability in the eurozone. >> michelle, thank you very much with that important news on greece. let's get back to our discussion the indicates is being made for and against oracle. >> i'm not going to taint oracle because of hewlett-packard's misstep after misstep after misstep. extremely disciplined. they are strategic in terms of the acquisitions that they make. and 50 or 100 times, and 36 billion to 37 billion and expecting for 2013, 38 bil
>> greece has been upgraded by a rating agency, scott. s&p has upgraded to b from b minus because of a commitment to keep greece within the eurozone and to keep funding them. it's something that we haven't seen in years, maybe decades. greece has now been upgraded when it comes to their outstanding bonds. back to you. >> the euro is getting a bump. it the highs of the day. 132 euro dollar. >> the s&p is believing that there is a strong commitment to keep doing what it...
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Dec 9, 2012
12/12
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WBAL
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>> greece is a perfect example when you continue to borrow from the future, which is what we're doing right now. so if you don't deal with entitlement reform now, if you don't say to people under 50, things are going to be different, what happens is you get to the point where you're in greece and you tell an 85-year-old, you used to get $150 euros a month and now you're not. chris: the medicine is the cure. >> the comparisons between the united states and greece which republicans like to make are so wildly -- chris: what is the apt comparison if this country doesn't get its act together? >> the united states really is unique. we are still the world's store -- chris: can we bank on the fact that we're the currency of the world and we can keep running enormous deficits? >> we have the ability to issue debt in our own currency and make it credibility. nobody else can do that and people keep buying it. two more quick points, chris, about this what we are seeing now. first, the president has taken leadership of his own party, something he really didn't do during his first term and right ou
>> greece is a perfect example when you continue to borrow from the future, which is what we're doing right now. so if you don't deal with entitlement reform now, if you don't say to people under 50, things are going to be different, what happens is you get to the point where you're in greece and you tell an 85-year-old, you used to get $150 euros a month and now you're not. chris: the medicine is the cure. >> the comparisons between the united states and greece which republicans...
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Dec 19, 2012
12/12
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CNBC
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i think greek -- greece is a speculative market. it's important that no banks have -- defaulted on the senior debt including in greece. so there's information there. but, you know, greece is -- i don't take this particularly as a barometer for broader sentiment. when you look at italy, spain, yields come in a lot on the anticipation that the ecb will be the lender of last resort. that's the big positive. however, the level of yields we have, italy or spain, is not consistent with long-term fiscal sustainability. you need to have your nominal yield, you know, fairly close to your nominal growth rate. in the case of italy and spain, it's wail, way above. so careful in terms of the overall assessment, there's still an awful lot of risks surrounding italy and spain, you know, makes it relatively attractive, the bonds, i think. but still is not consistent with long-term debt sustainability in those countries. >> which is an important point. you're overweight on italian and spanish debt. we've seen the deals come in quite a bit. does that
i think greek -- greece is a speculative market. it's important that no banks have -- defaulted on the senior debt including in greece. so there's information there. but, you know, greece is -- i don't take this particularly as a barometer for broader sentiment. when you look at italy, spain, yields come in a lot on the anticipation that the ecb will be the lender of last resort. that's the big positive. however, the level of yields we have, italy or spain, is not consistent with long-term...
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this is a government like the one greece like the one island which is put all its eggs in the basket of. agreement with germany and to do something about it will take a lot more than one or two demonstrations it will take the risk of losing an election could change the course of the spanish government very much afraid or. it would take the possibility of losing. if. you start thinking that perhaps. outside and you talk about a change of government could we see political change after all you also made a similar comparison with what's going on in greece and there of course we've seen violent riots and that resulted eventually in the election of a technocratic government there could we see spain possibly heading the same way as greece. there's no doubt that that precisely this process is going to be followed through to spain but it will take some time you have to remember. the greek crisis. and even though there was a great deal of this content towards the socialist government between two thousand and nine and two thousand and twelve the student managed to hang on wide along why does no
this is a government like the one greece like the one island which is put all its eggs in the basket of. agreement with germany and to do something about it will take a lot more than one or two demonstrations it will take the risk of losing an election could change the course of the spanish government very much afraid or. it would take the possibility of losing. if. you start thinking that perhaps. outside and you talk about a change of government could we see political change after all you...
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you're going to share with us something here ok all right now this one has come from a little boy in greece he says exactly what he wants for christmas and for twenty thirteen. dear santa for christmas i would really like a fiscal policy which would see my country's debt be reduced to one hundred twenty four percent of our annual output on twenty twenty i know that this is a big ask but it will stop the international monetary fund getting that more annoyed with us although we didn't make the whole thirty billion euros worth of savings we promised just recently we did try very hard. dimitri said marise. well who else has been writing to you oh well this one has come from somebody not too far away from where we are right now this is come from a little girl and burn lynne with her christmas wishes for twenty thirty. dear santa thank you for the positive economic growth i asked for last year it has been very helpful this year it would be great if we could have more of the same just is there a way we can give less of our money away to the eurozone countries all the best angle america p.s. i also
you're going to share with us something here ok all right now this one has come from a little boy in greece he says exactly what he wants for christmas and for twenty thirteen. dear santa for christmas i would really like a fiscal policy which would see my country's debt be reduced to one hundred twenty four percent of our annual output on twenty twenty i know that this is a big ask but it will stop the international monetary fund getting that more annoyed with us although we didn't make the...
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system within the next few years is not even decades in fact when we have this what's happening in greece spain parts of italy. portugal when this sink hits the norse in european countries any it will inevitably maybe not german maybe not germany because germany has a very sound economy they have their export model they're doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with the exception of germany and scandinavia is not then we going to have sort of the occupy wall street movement inside western europe as well and this is going to happen within the next few years our economy because the model itself is unsustainable right gentlemen to jump in here we're going to go to a short break and after that short for a book continue our discussion on the west stay with our. deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be mediators. self-imposed out costs from society i will contact myself chemical attack my brother understand my contact i
system within the next few years is not even decades in fact when we have this what's happening in greece spain parts of italy. portugal when this sink hits the norse in european countries any it will inevitably maybe not german maybe not germany because germany has a very sound economy they have their export model they're doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with the exception of germany and scandinavia is not then...
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year together they'll need around twenty seven billion euros worth of loans to stay afloat but greece has been relying on international bailout funds since twenty ten into tough austerity measures being forced upon the population economist at the meter in a policy says it's ordinary greeks who are bearing the brunt of the bank's losses the loans on which. this recapitalization bank sector priests are coming from the troika the e.u. the i.m.f. and the e.c.b. and they are going to be aid they're going to be part of the. national debt which is going to be paid by the greek taxpayers we had forty thousand small businesses closing closing this year alone three hundred additional thousands of job losses as a total unemployment rate of twenty six percent so we have really. on the one hand austerity on the other hand banks inability to provide liquidity for the market or greeks are preparing for another year of painful cuts and tax hikes but for a while the outlook on where the global economy stands at the end of twenty twelve you can tune in to the kaiser report in about ten minutes from tha
year together they'll need around twenty seven billion euros worth of loans to stay afloat but greece has been relying on international bailout funds since twenty ten into tough austerity measures being forced upon the population economist at the meter in a policy says it's ordinary greeks who are bearing the brunt of the bank's losses the loans on which. this recapitalization bank sector priests are coming from the troika the e.u. the i.m.f. and the e.c.b. and they are going to be aid they're...
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Dec 18, 2012
12/12
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good morning, everyone, 50 billion dollars flowing into greece. it will never be repaid. new figures show the country in a deep depression. 11 million people owe a half trillion dollars. back home, speaker boehner and president obama are a little closer to a deal and both have given some ground on taxes and spending. the markets like it. right now john boehner is trying to sell it to his party. across the country, record gun sales over the weekend. "varney & company" about to begin. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> we have breaking news right now on the debate within the republican party about the fiscal cliff deal. rich edson has what, what is being discussed here, what is the latest, rich? >> a plan b on the fiscal cliff on taxes, stuart. this is coming from house speaker john boehner who is addressing republicans right now. we have a source in the room
good morning, everyone, 50 billion dollars flowing into greece. it will never be repaid. new figures show the country in a deep depression. 11 million people owe a half trillion dollars. back home, speaker boehner and president obama are a little closer to a deal and both have given some ground on taxes and spending. the markets like it. right now john boehner is trying to sell it to his party. across the country, record gun sales over the weekend. "varney & company" about to...
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people angry and soon to see this strike going on and people a lot of people getting very upset in greece while the investor community is relatively happy because you know there was more greater safeguards that their money is going to be returned to them in the form of bonds so i think that you going to continue to see this is exactly where you'll go up and the people are happier but the investor community is less happy and they're going to have a swerves to the right where you have more austerity making people more angry and more riots and more protests and more strikes and yet investors feeling more secure in in the bonds of a buying greeks even money this crisis is far from over we never. mean president the europeans have yet to solve the basic problem that the european peripheral countries are insolvent based simply do not have the money to pay back all the money that they have borrowed and because of that fact which is incontrovertibly we are going to come to a day of reckoning of some point the issue becomes when is that day going to happen and how far will the pm of europe perhaps
people angry and soon to see this strike going on and people a lot of people getting very upset in greece while the investor community is relatively happy because you know there was more greater safeguards that their money is going to be returned to them in the form of bonds so i think that you going to continue to see this is exactly where you'll go up and the people are happier but the investor community is less happy and they're going to have a swerves to the right where you have more...
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the international monetary fund have imposed on greece spain and portugal and ireland over the last few years the demand for austerity is precisely the reason that youth unemployment in greece is now around fifty percent and approaching similar levels in much of the rest of southern europe it's the e.u. this being the problem here it's not being part of the solution in any way part of the issue here is the european union has as never been a democratic project in the past i think it was accepted by people because it delivered the goods it looked like that you'd have more press prosperous societies economic success maybe even paste you have a group of countries that will agree on some things but won't agree on everything and when you start to push them together when they start to end up in a deep economic crisis it's also a crisis of institutions of course they start to squabble and that's what we've seen over the last few years no real agreement on what to do next because everyone has their own somewhat divergent interests and that's germany doesn't want to carry the can for failing gree
the international monetary fund have imposed on greece spain and portugal and ireland over the last few years the demand for austerity is precisely the reason that youth unemployment in greece is now around fifty percent and approaching similar levels in much of the rest of southern europe it's the e.u. this being the problem here it's not being part of the solution in any way part of the issue here is the european union has as never been a democratic project in the past i think it was accepted...
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ratings agency standard and poor's is raised the credit rating of greece's sovereign debt this comes just hours before a planned twenty four on nationwide strike as people continue venting their frustration at budget cuts on monday athens received its second tranche of funds from the e.u. and the international monetary fund however as one expert says despite the much anticipated cash the greek economy is far from salvation. the fact that the ratings agencies gave us a higher rating to begin bonds and yet there's going to be a strike in the case what's happened to that right now you know after community i.m.f. the e.c.b. and easy to have some work towards austerity which makes investors happy but of course makes the people angry and so you can see this strike going on and people a lot of people getting very upset in greece while the investor community is relatively happy because you know there is more greater safeguards that their money is going to be returned to them in the form of bonds so i think that you going to continue to see this is exactly where you'll go up and the people ar
ratings agency standard and poor's is raised the credit rating of greece's sovereign debt this comes just hours before a planned twenty four on nationwide strike as people continue venting their frustration at budget cuts on monday athens received its second tranche of funds from the e.u. and the international monetary fund however as one expert says despite the much anticipated cash the greek economy is far from salvation. the fact that the ratings agencies gave us a higher rating to begin...
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stay with us here on our team still ahead in the program the problems continue to mount for greece as of now four of the country's main banks looking for ways to stay afloat after posting massive losses we take a closer look at why plus. look in my fluke you can read i was minister of regional corporation minister of agriculture minister of housing and construction in the ministry of justice even how good those things tenuously these are real readies for elections and maybe rising concerns over the country's political process is that and more after a short break. it's perched atop a jaw drop and the view from the kremlin stretches as far as the i can see. for a city to all of siberia for centuries. it lost its economic importance even before it was bypassed but a chance a barren railway but the poles cremains a spiritual center. scenes like these are a yearly occurrence thousands of also docks worshippers dip them selves implicity will to commemorate the baptismal. in the fifteen eighties the russians had only just conquered siberia taking it from the muslims. surrounded by enemies to
stay with us here on our team still ahead in the program the problems continue to mount for greece as of now four of the country's main banks looking for ways to stay afloat after posting massive losses we take a closer look at why plus. look in my fluke you can read i was minister of regional corporation minister of agriculture minister of housing and construction in the ministry of justice even how good those things tenuously these are real readies for elections and maybe rising concerns over...
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Dec 28, 2012
12/12
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no mosques have been built in athens since christian greece gained independence in 1832 the omi e.u. capital without. but could that change? this was the site chosen for the first mosque. but previous promises have come to nothing in there is a financial crisis. >> there was a fear in the greek society about the construction of a mosque. we must overcome these fears. it is the commitment of the greek state about the construction and commitment. >> there is still resistance. well over 90% of greeks are orthodox christians. while many accept the moscow plan, many are opposed resentful of mass migration here. >> greece fought hundreds of centuries of terrorism -- of tyranny by muslims. we totally oppose this. >> pride in their own faith is clear, but can they resist the respect of the other? this is a country where religion is intrinsic to national identity, where church and state are intimately linked. the questions for today's greece is what kind of state is willing to become, how tolerant, how multicultural. they're more inward looking more fearful but greece must now decide whether
no mosques have been built in athens since christian greece gained independence in 1832 the omi e.u. capital without. but could that change? this was the site chosen for the first mosque. but previous promises have come to nothing in there is a financial crisis. >> there was a fear in the greek society about the construction of a mosque. we must overcome these fears. it is the commitment of the greek state about the construction and commitment. >> there is still resistance. well...
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a tragedy because they're not helping the spanish economy and they're not helping the people either greece got a rare bit a good news earlier in the week with an unexpected credit rating boost the celebration was short lived though as yet another general strike paralyzed the country then four of greece's biggest banks to clear that they'd need a twenty seven billion euro bailout boost and stay afloat crisis try this comes out the mirror told us that despite all the efforts european nations still haven't sold their basic problems. right now. you know national community be i.m.f. the e.c.b. and used to have stewart wars austerity which makes investors happy but of course makes the people and the best a community is relatively happy because there is more greater safeguards that their money is going to be returned form a fuss so i think that you're going to continue to see the see that where yields go up and the people are happier but the investor community is left and then we're going to have a work to the right where you have more austerity making people more angry and more right at the more
a tragedy because they're not helping the spanish economy and they're not helping the people either greece got a rare bit a good news earlier in the week with an unexpected credit rating boost the celebration was short lived though as yet another general strike paralyzed the country then four of greece's biggest banks to clear that they'd need a twenty seven billion euro bailout boost and stay afloat crisis try this comes out the mirror told us that despite all the efforts european nations...
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what's happening in greece spain parts of. porch ago when this singer hits the norse in european countries any it will inevitably maybe not german maybe not germany because germany has a very sound economy they have their export mall though they are doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with the exception of about germany and scandinavia is not then we going to have sort of. by wall street movement inside western europe as well and this is going to happen within the next few years all right gentlemen because the market itself is unsustainable going to jump in here we're going to go to a short break and after that short break but continue our discussion on the west stay with our. well with. this month's high tech means could help whether it be the latest laser cutters or lifesaving heart rushing innovators are working hard to keep you healthy for some companies it's been a winding road from car simulators to cutting edge streaming systems for others i
what's happening in greece spain parts of. porch ago when this singer hits the norse in european countries any it will inevitably maybe not german maybe not germany because germany has a very sound economy they have their export mall though they are doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with the exception of about germany and scandinavia is not then we going to have sort of. by wall street movement inside western...
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Dec 3, 2012
12/12
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CNBC
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but we did move on greece. got a little bit of a boost preopen. and since then, frankly, the ism numbers have just been a real disappointment. and we are moving on that. here's the dow intraday. here's where we got the ism number. and you can see we have been drifting lower ever since then. and this really is a disappointment, this number. this is the first read we get on the overall economy every month here. and let me point out what's been going on here. the sectors have been risk off by enlarge so transports are notably week. materials and industrial. there is your risk off trade here today. i would point out, technology has been an upgrade over at goex and the overall technology sector, tough time in the hardware group doing better today. so there is an outlier in tech. as for the ism, what was going on here, really there was very little good news. take a look. the overall number, the headline number, lowest since july 2009. the employment component in this, lowest since september 2009. that's probably the second-most watched component of that
but we did move on greece. got a little bit of a boost preopen. and since then, frankly, the ism numbers have just been a real disappointment. and we are moving on that. here's the dow intraday. here's where we got the ism number. and you can see we have been drifting lower ever since then. and this really is a disappointment, this number. this is the first read we get on the overall economy every month here. and let me point out what's been going on here. the sectors have been risk off by...
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and now says greece's creditors might need to take losses is that support for athens the right move from her. well what was agreed in one of the last summit meetings was a cocktail of measures and that these measures are not really the thing that where that what for example the international monetary fund recommended to to do have cut and this is america obviously avoided any terms to have a haircut because that would have an immediate effect on the german budget and on the german taxpayer and since we have elections in germany next year she's avoiding to have any tax money involved although the risk that it will be text money is there so despite the party losses in recent state elections are held remains pretty popular a cartoon in a german newspaper depicted just as her face at a party's program how much is that to do with personality over policy well it has a lot to do that in crisis times people always flock around the strong leaders and secondly it has to do with the fact that america is following a policy called tina there is no alternative there is neither in the union in the
and now says greece's creditors might need to take losses is that support for athens the right move from her. well what was agreed in one of the last summit meetings was a cocktail of measures and that these measures are not really the thing that where that what for example the international monetary fund recommended to to do have cut and this is america obviously avoided any terms to have a haircut because that would have an immediate effect on the german budget and on the german taxpayer and...
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it goes on and let's talk about greece briefly ratings john s. and pay they've raised greece's school from selective default to be money it's not interesting up to six knots is up and the agency explained its decision by praising athens determination to cut its spending determination but what is actually done to to achieve that and to deserve that cutting rating they haven't really done anything i think that that could in a rating system it's a joke i mean come on they gave aaa ratings to the so bonds back in the day so forget about that. it's it doesn't that bring confidence though doesn't it actually bring a perception that it's working and that's what investors want to know about. what's happened is that investors realized that the europeans are just like keep on kicking the can down the road and so what investors are doing right now is just the short term trade and being very light on their feet and great to move at a moment's notice and so sure bond rates are down in greece relatively but you know the whole notion is that at any rate slower
it goes on and let's talk about greece briefly ratings john s. and pay they've raised greece's school from selective default to be money it's not interesting up to six knots is up and the agency explained its decision by praising athens determination to cut its spending determination but what is actually done to to achieve that and to deserve that cutting rating they haven't really done anything i think that that could in a rating system it's a joke i mean come on they gave aaa ratings to the...
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well greece's prime minister and his visitor to bavaria in an attempt to restore some faith in athens his trip to the wealthy german region came after greece sudden motion a complex financial operation to buy back some of the country's debt reduce prices the goal is to cut the national debt by around twenty billion euros to qualify for more financial aid from the european union and the international monetary fund samaras says visit comes less than two weeks after greece's creditors agreed to extend to billions in additional financing george catalysts an attorney and constitutional lawyer believes the way to the e.u. believes the way that the e.u. chose to deal with a crisis is unsustainable. but unfortunately. there's. a huge. if you do so such a lucid. german taxpayers show. you this simple you see this your usual more of more stuff in for people with glee i will go to. and the euro crisis is also a hot topic at r.t. dot com as we report on the thousands of spanish medical workers who are marching through my dread and protests against cut to health care as well as plans to sell off p
well greece's prime minister and his visitor to bavaria in an attempt to restore some faith in athens his trip to the wealthy german region came after greece sudden motion a complex financial operation to buy back some of the country's debt reduce prices the goal is to cut the national debt by around twenty billion euros to qualify for more financial aid from the european union and the international monetary fund samaras says visit comes less than two weeks after greece's creditors agreed to...
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a stir you know the british public put up with this bearing in mind what we're seeing happening in greece spain italy protests. i think i think actually they probably will i think because i think that's a good chance that. counts the conservatives on the next election i don't think you'll see a big big you necessarily but it's i think given how bad things are where people actually quite stoically accept that unfortunately little or no growth is the new normal but we shouldn't be fatalistic about this you don't think we'll see that there's a social unrest particular scene in greece even if some analysts talking about some sort of revolution perhaps could be under way though you you wouldn't see anger building over the next few years if the british public are subjected to such strong measures i think you will see some you will see this it will protest on the streets but i think the difference with greece and europe isn't is that. he is being imposed on them by unelected bureaucrats here at least. an elected government that is pursuing these policies but that's only. highlight the fact that
a stir you know the british public put up with this bearing in mind what we're seeing happening in greece spain italy protests. i think i think actually they probably will i think because i think that's a good chance that. counts the conservatives on the next election i don't think you'll see a big big you necessarily but it's i think given how bad things are where people actually quite stoically accept that unfortunately little or no growth is the new normal but we shouldn't be fatalistic...
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in fact when the we have this what's happening in greece spain. and portugal when this singer hits the norse in european countries any it will inevitably maybe north german maybe not germany because germany has a very sound economy they have their export malled all they're doing is strategic alliances with russia in terms of oil and gas they are sustainable but the rest of europe with exception of germany and scandinavia is not then we going to have sort of. movement inside western europe as well and this is going to happen within the next few years all right gentlemen because the model itself is unsustainable going to jump in here we're going to go to a short break and after that short for a book continue our discussion on the west stay with our. for. thousands to see. other. stated. goals. to be drawn. i think that in this country metallurgy as an environmental cost which is an acceptable local business because labels are legal and controlled by criminals in order to protect our lives our families and to work in peace. we are forced to pay prote
in fact when the we have this what's happening in greece spain. and portugal when this singer hits the norse in european countries any it will inevitably maybe north german maybe not germany because germany has a very sound economy they have their export malled all they're doing is strategic alliances with russia in terms of oil and gas they are sustainable but the rest of europe with exception of germany and scandinavia is not then we going to have sort of. movement inside western europe as...
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hear for example that in germany the majority of german people are not in favor of germany building a greece so we get politicians constantly overruling the people of arizona if you take for example scotland as a specific example i would suggest there that the people of scotland culturally totally separate from the people of england and it's not only the political level but the savings are made in westminster which are not accepted by the people of scotland and i think one has to acknowledge that not only within britain. including scotland northern ireland wales but particularly in europe itself if you take for example the baltic states three small countries that have a smaller population in total in ireland and yet the european union favored their total separation from the soviet union and supported them but i think that there's a degree of hypoxia say it off in my opinion simply as dictated by the strategic interest all of the either the european major parcels germany britain or the united states so i think we have to look at the reality of the situation it's not a. actual world where we'r
hear for example that in germany the majority of german people are not in favor of germany building a greece so we get politicians constantly overruling the people of arizona if you take for example scotland as a specific example i would suggest there that the people of scotland culturally totally separate from the people of england and it's not only the political level but the savings are made in westminster which are not accepted by the people of scotland and i think one has to acknowledge...
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this recapitalization of the banking sector is going to greece are coming from the troika the e.u. the i.m.f. and the e.c.b. and they are going to be repaid they are going to be part of the greek it national debt which is going to be paid by the greek taxpayer we had forty thousand small businesses closing in closing this year alone three hundred additional thousand of job losses as a total unemployment rate of twenty six percent so we have really. on the one hand austerity on the other hand bank inability to provide liquidity for the market russia cooperation should be defined by choice and not forced by necessity that so europe sees future ties with russia and indeed it's a view that second by president putin too is in brussels right now for talks with the blocs leaders for the first time since his return to the kremlin and his electorate esky as well. a lot of speculation happened before the summit that this will be a meeting of confrontation rather than a corporation but it actually turned out absolutely the opposite scenario all these speakers but also one started off by sayin
this recapitalization of the banking sector is going to greece are coming from the troika the e.u. the i.m.f. and the e.c.b. and they are going to be repaid they are going to be part of the greek it national debt which is going to be paid by the greek taxpayer we had forty thousand small businesses closing in closing this year alone three hundred additional thousand of job losses as a total unemployment rate of twenty six percent so we have really. on the one hand austerity on the other hand...
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but it's not only greece or spain trying to stay afloat during times of punishing austerity the u.k. is also wrestling with deep cuts and a controversial budget which is being felt particularly hard in northeast england as their first discovered people in the region feel they're being left to suffer alone and factory closures and rising unemployment. as he'll saying impressing gays it's grim up north it's a perception of life in some of the nation's other major cities recessions hit the case hard it's been in the northeast where it's being felt particularly acutely trade union leader val scott furious with the government's decision to close sunderland's rempel a factory it's a government venture that began back in the 1940's to provide employment the people with disabilities two weeks before christmas the government going to close the packaging factories and leaves a very bleak future for disabled workers cannot stops was laid off from another rempel a factory back in april and accuses the government of forcing people out of paid jobs and on to a life of welfare we were told in the w
but it's not only greece or spain trying to stay afloat during times of punishing austerity the u.k. is also wrestling with deep cuts and a controversial budget which is being felt particularly hard in northeast england as their first discovered people in the region feel they're being left to suffer alone and factory closures and rising unemployment. as he'll saying impressing gays it's grim up north it's a perception of life in some of the nation's other major cities recessions hit the case...
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all four of the largest banks in greece are lining up for a bailout boost after reporting huge losses this year together they'll need around twenty seven billion euros worth of loans to stay afloat the country's been relying on international bailout funds since two thousand and ten and as economist demetrius in our poll as says it's ordinary greeks who are bearing the brunt of the bank's losses the loans on which. these. days asian banks think that it's going to take reste. from the troika the e.u. the i.m.f. and the e.c.b. and they are going to be aid they're going to be part of the and greek big national debt which is going to be paid by the greek taxpayers we have and forty thousand small businesses close in these three are alone three hundred additional thousands of job losses as a total unemployment rate of twenty six percent so we have really. on the one hand austerity on the other hand bank inability to provide liquidity for the market. greece may be readying for another year of painful cuts and tax hikes but for a wider war the global economy stands at the end of the year you
all four of the largest banks in greece are lining up for a bailout boost after reporting huge losses this year together they'll need around twenty seven billion euros worth of loans to stay afloat the country's been relying on international bailout funds since two thousand and ten and as economist demetrius in our poll as says it's ordinary greeks who are bearing the brunt of the bank's losses the loans on which. these. days asian banks think that it's going to take reste. from the troika the...
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in fact when we have this what's happening in greece spain parts of italy but. portugal when they sing hits the norse in european countries any it will inevitably maybe not german maybe not germany because germany has a very sound economy they have their export mall though they are doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with exceptional about germany and scandinavia is not then we going to have sort of the. wall street movement inside western europe as well and this is going to happen within the next few years because the model itself is unsustainable i'm going to jump in here we're going to go to a short break and after that short break we'll continue our discussion on the west stay with our. experience before series with the. nation. day. to make. him the flying. speak your language. they will not advance. news programs and documentaries and spanish what matters to you breaking news a little tonnage of angola's kidneys stories. you hear. that all teach spanish find out more visit eye
in fact when we have this what's happening in greece spain parts of italy but. portugal when they sing hits the norse in european countries any it will inevitably maybe not german maybe not germany because germany has a very sound economy they have their export mall though they are doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with exceptional about germany and scandinavia is not then we going to have sort of the. wall street...
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in fact when we have this what's happening in greece spain. but. poor to go when this single hits the norse in european countries any it will inevitably maybe north german maybe not germany because germany has a very sound economy they have their export mall though they're doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with the exception of germany and scandinavia is not then we're going to have sort of he. movement inside western europe as well and this is going to happen within the next few years all right gentlemen because the model itself is unsustainable right gentlemen to jump in here we're going to go to a short break and after that short for a book continue our discussion on the west stay with our. mission. could you take three. three. three. three. three. three vote video for your media project a free card. gold fever. turns thousands into slaves. my father but also among brothers involved in the mines and since i started working in a mine i stated i look at it and feel m
in fact when we have this what's happening in greece spain. but. poor to go when this single hits the norse in european countries any it will inevitably maybe north german maybe not germany because germany has a very sound economy they have their export mall though they're doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with the exception of germany and scandinavia is not then we're going to have sort of he. movement inside...
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Dec 4, 2012
12/12
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KRCB
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euro president said the region's financial authorities will monitor greece's bond buying back program. he says the finance ministers will sign off in the next round of loans t greece wn they meet again on december 13th. the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly losing ground. dollar yen changing hands at 82.13 to 17. euro stands at 107.19 to 24. analysts say investors are selling the dollar following the release of u.s. manufacturing data. it was the lowest in almost three and a half years. more investors are showing interest in the weakening yen. taking a look at other markets, south korea's kospi is trading lower. let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is forecasti
euro president said the region's financial authorities will monitor greece's bond buying back program. he says the finance ministers will sign off in the next round of loans t greece wn they meet again on december 13th. the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly...
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Dec 27, 2012
12/12
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CSPAN
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becoming like greece? >> no, that is a profoundly -- do you see as becoming like greece? >> that is a profoundly different situation. the congressional budget office says that if we stay on the course we are on, we will have a debt that is 230% of our gross domestic product of the the next 20 years. most experts say once you get a debt of more than 9% of gross domestic product, that inhibit future economic growth in a significant way. this is just about -- not just about numbers on page, it is really about opportunities for people. whether you will be able to send your kid to school, to college, whether it will be able to buy a car, my house, whether we will have economic opportunity for the people of the country. the best academic research that has been done shows that if a country's debt gets too large in relationship to the size of its economy, the economy does not grow as fast. opportunity is lost. jobs are lost. so there is a similarity with what is happening in europe and what could happen here if we don't get our house in order. >> you talked about a single- minded
becoming like greece? >> no, that is a profoundly -- do you see as becoming like greece? >> that is a profoundly different situation. the congressional budget office says that if we stay on the course we are on, we will have a debt that is 230% of our gross domestic product of the the next 20 years. most experts say once you get a debt of more than 9% of gross domestic product, that inhibit future economic growth in a significant way. this is just about -- not just about numbers on...
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Dec 24, 2012
12/12
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MSNBCW
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this country is not becoming greece. this country -- this country, frankly, has a big unemployment problem. we have a deficit problem in the short term, not the long term. it's not a real problem now. our bonds selling higher than before and lower interest rates. it's not an immediate problem. he's saying what's worse. what he is saying is use blackmail on the entire economy like a gangster. pity if it happens to blow up. not increasing the debt ceiling -- >> already did that before. they have done it before. >> they have. >> and will do it again. >> frankly, that is obnoxious beyond belief. the president should not concede or negotiate on that basis at all. >> the president is adamant on the fact that's not a part of this conversation. >> it cannot be a part of any conversation. the debt ceiling is not a question of borrowing more. you determine how much deficit you will have passing the budget two, three, four years ago. >> correct. >> to say you won't raise the debt ceiling is to say you're not going to pay the bills
this country is not becoming greece. this country -- this country, frankly, has a big unemployment problem. we have a deficit problem in the short term, not the long term. it's not a real problem now. our bonds selling higher than before and lower interest rates. it's not an immediate problem. he's saying what's worse. what he is saying is use blackmail on the entire economy like a gangster. pity if it happens to blow up. not increasing the debt ceiling -- >> already did that before. they...
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Dec 4, 2012
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no, greece we have to get out of the way. is the debt by back program going to be successful, everyone nds it will. we know that's the one little lynchpin on which everything else rests. so if it's not, the money will not flow, but everybody insists as when he headed into the euro group meeting yesterday that it will be successful. that's also what what we hear from the greeks. there's a bit of arm fwising, but it will probably go through. and then lo and behold ahead of the actual summit in the morning, they can sign up the check for the next greek installment also we hope. we're also closer to a little rescue package for cypress. spanish aid package for the banks is on track. so that was the working list last night. another thing on the to-do list. the head of the euro group confirmed last night that, no, i will not extend anything now, i will definitely leave as head of the euro group at the end of this year, so there will be another personnel debate. remember they asked him will to stay on for another half year because th
no, greece we have to get out of the way. is the debt by back program going to be successful, everyone nds it will. we know that's the one little lynchpin on which everything else rests. so if it's not, the money will not flow, but everybody insists as when he headed into the euro group meeting yesterday that it will be successful. that's also what what we hear from the greeks. there's a bit of arm fwising, but it will probably go through. and then lo and behold ahead of the actual summit in...
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Dec 19, 2012
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greece is bracing for more public-sector strikes against government austerity measures. the rail system has ground to a halt. but there has been good news. rating agency standard and poor's upgraded greece's standing, making it much easier to borrow money in international markets. it is the second-biggest fine levied on a bank. switzerland that the ubs agreed to pay $1.5 billion in penalties. regulators in the u.s., u.k. and sorts when charged ubs and manipulating a key interest rate known as libor. >> his was person -- pervasive manipulation of global benchmark interest rates by dozens of staff across three continents. and the heavy fine reflects the regulator's concerns. the ubs chief executives said those of all but the extent of the fraud and bribes maybe revealed by further criminal investigations. in just one instance revealed by the u.k. financial services authority, ubs made corrupt payments of around $24,000 a quarter for 18 months to brokers to thank them for helping them manipulate the global industry. libor is used to price more than $350 trillion of contract
greece is bracing for more public-sector strikes against government austerity measures. the rail system has ground to a halt. but there has been good news. rating agency standard and poor's upgraded greece's standing, making it much easier to borrow money in international markets. it is the second-biggest fine levied on a bank. switzerland that the ubs agreed to pay $1.5 billion in penalties. regulators in the u.s., u.k. and sorts when charged ubs and manipulating a key interest rate known as...
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greece is preparing for yet another twenty four hour standstill as people protest against growing cuts on the city to breaking economy the details are just ahead. and sold ready for blastoff three spacemen through the film farewell to the families so you're up for a five month trip to the start the latest addition to the space station team set lift off from kazakhstan as we'll show you shortly here and i'll take. the sun rises over what seems like and most forest here in new directions crime hundred kilometers north of light of all stalk as in much of the world it's disappearing at a catastrophic rate. mortgages both illegal and those finding ways to outsmart the system for filing down the forests of the region for them profit goes well beyond the future of our planet and the result could be an ecological crisis we are on the hunt for illegal loggers and it's not going to be easy to forests. and our chances are slim now for now we can stay in our dream but as soon as we find quality tracks we'll have to drop our wheels and get out silently in order not to scare the loggers off. xander
greece is preparing for yet another twenty four hour standstill as people protest against growing cuts on the city to breaking economy the details are just ahead. and sold ready for blastoff three spacemen through the film farewell to the families so you're up for a five month trip to the start the latest addition to the space station team set lift off from kazakhstan as we'll show you shortly here and i'll take. the sun rises over what seems like and most forest here in new directions crime...
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Dec 24, 2012
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we have seen what happens in greece where we are still close to a civil war. naturally, i objected to this policy at the heads of state of government when they were presenting proposals, especially when i have to defend the italian interests. for example, i vetoed and suspended the council heads of state when i was presented with the fiscal impact. this is my position. i could not agree with them when they imposed homework to greece which i was in total disagreement with or when they proposed the token tax which we stupidly adopted. and it is clear that financial transactions will migrate to companies that do not have a total impact. i also disagreed when european banks were ordered to account for the government bonds that they have in their balance sheet at mark to market value and not the nominal value. this has forced italian banks to recapitalize. i do not agree on the fiscal compact. even though i was the only one at the european council meetings with a business background and not just a political one, i felt i had to speak out expressing my position and
we have seen what happens in greece where we are still close to a civil war. naturally, i objected to this policy at the heads of state of government when they were presenting proposals, especially when i have to defend the italian interests. for example, i vetoed and suspended the council heads of state when i was presented with the fiscal impact. this is my position. i could not agree with them when they imposed homework to greece which i was in total disagreement with or when they proposed...
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Dec 31, 2012
12/12
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. >> now from the conflict in syria to the new politics of egypt, from protests in greece to the amazing olympics of london, as the year draws to a close, we'll look back at 2012 and some of the event that changed our world. -- event that changed our world -- events that changed our world. >> that was scary, wasn't it? >> that was scary. >> welcome to syria. >> a farmer goes hungry so his children can eat. they only get one soon, so each must wait his turn. -- one spoon, so each must wait his turn. >> for the spiders, the liberation has always been their ultimate goal. -- these fighters, the liberation has always been their ultimate goal. >> week meet members of the country's newest rebel army, known as -- we meet members of the country's newest rebel army, known as m23. this is their main base, about 5 kilometers away. >> some of the most isolated communities and tributaries provide the most surprises. the population of the village is 208. we're reminded that environmental decisions made today can impact the next generation. >> we did find some significant [inaudible] >> ♪ ["gangnam s
. >> now from the conflict in syria to the new politics of egypt, from protests in greece to the amazing olympics of london, as the year draws to a close, we'll look back at 2012 and some of the event that changed our world. -- event that changed our world -- events that changed our world. >> that was scary, wasn't it? >> that was scary. >> welcome to syria. >> a farmer goes hungry so his children can eat. they only get one soon, so each must wait his turn. -- one...
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. >>> while in greece they held off protesters launching molotov cocktails. >>> the president is taking the fiscal cliff solution to the people. plus, a modern day five story ripped through the pages of a tom clancey novel. "early today" starts right now. >> announcer: this is "early today" for friday, december 7th, 2012. >>> good mornings,er one. i'm lynn berry. we're going to start with breaking news out of japan. a strong 7.3 earthquake has struck off the country's northeast coast beneath the sea bed. it shook buildings as far as tokyo and warnings were issued for miyagi prefecture. there's no risk for a widespread tsunami. we'll bring you the very latest. >>> elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capitol, this time in response to a political explosive power grab by the president, mohammed morsi. right now army tanks surround the presidential palace as thousands of protesters shout topple the regime, the same chant heard during the regime of hosni mubarak. in a tv show morsi said absolute powers he granted himself will expire with a
. >>> while in greece they held off protesters launching molotov cocktails. >>> the president is taking the fiscal cliff solution to the people. plus, a modern day five story ripped through the pages of a tom clancey novel. "early today" starts right now. >> announcer: this is "early today" for friday, december 7th, 2012. >>> good mornings,er one. i'm lynn berry. we're going to start with breaking news out of japan. a strong 7.3 earthquake...
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but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happen the worse case scenario, but in five years we won't be notble to borrow money. >> brenda: julian, you can go ahead and respd. >> first of all, the ernst & young study has been debunked over and over. and number two, the bush tax cuts,f you let the bush tax cuts. the crs study was a republican study and found the same thing as the cbo. if you letush tax cuts expire on everybody, yes, you would have negative economic impact. the two staetudies done recentl shows the top two rates, top 2%, virtually no impact. to jonas' point if you raise taxes a the lot and cut spending a lot and so austerity plan, that would have an impact. democrats were fopouring more money into the compl with stimulus and republicans wanted austerity and jonas' point is an argument against what conservatives were pushing for. >> brenda: all right. toby. >> what's the question? >> driving a smart ca
but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happen the worse case scenario, but in five years we won't be notble to borrow money. >> brenda: julian, you can go ahead and respd. >> first of all, the ernst & young study has been debunked over and over. and number two, the bush tax cuts,f you let the bush tax cuts. the crs study...
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Dec 28, 2012
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greece's banks in fresh capital were gop going to go down to central bank. national bank, euro bank, alfa and peres need the money to close ratios following last week. greece confirmed that the 50 billion euros set aside for recapitalization will be enough to capture these shortfalls. stephane pedrazzi asked the ecb jean-claude trichet about greece. >> i think it is absolutely clear that out of the fears of the global observers have proved unfounded. i was always confivinced that i was unfounded that the assumption that they could leave the euro area, that they could refeud the adjustment which is necessary were wrong assumptions. and now we see and of course it's difficult, of course it's hard, it's tough. but people have to make adju adjustments which are very, very difficult. but, again, we are going in the right direction. again, it's very difficult. it goes in the right direction. >> you don't believe in the scenario for greek exit? >> no.. it's precisely because it appears very clearly that neither the greek people nor the greek government nor all peer
greece's banks in fresh capital were gop going to go down to central bank. national bank, euro bank, alfa and peres need the money to close ratios following last week. greece confirmed that the 50 billion euros set aside for recapitalization will be enough to capture these shortfalls. stephane pedrazzi asked the ecb jean-claude trichet about greece. >> i think it is absolutely clear that out of the fears of the global observers have proved unfounded. i was always confivinced that i was...